Computer Programs & Systems, Inc. (NASDAQ:CPSI) Given Consensus Recommendation of “Hold” by Brokerages

Computer Programs & Systems, Inc. (NASDAQ:CPSI) has been assigned a consensus rating of “Hold” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $28.58.

Several equities research analysts have recently commented on CPSI shares. Cantor Fitzgerald reiterated a “hold” rating and set a $8.00 price target on shares of Pacific Biosciences of California in a research report on Friday, May 3rd. ValuEngine upgraded shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Wells Fargo & Co cut shares of Mylan from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $33.00 to $22.00 in a research report on Tuesday, May 7th. BidaskClub upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. Finally, SunTrust Banks lifted their price target on shares of Everbridge to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th.

Shares of NASDAQ CPSI traded down $0.43 during trading on Friday, reaching $27.40. The company had a trading volume of 324 shares, compared to its average volume of 114,235. Computer Programs & Systems has a 52 week low of $23.81 and a 52 week high of $34.45. The stock has a market cap of $399.36 million, a PE ratio of 14.21, a PEG ratio of 1.83 and a beta of 0.43. The company has a current ratio of 1.71, a quick ratio of 1.67 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $26.81.

Computer Programs & Systems (NASDAQ:CPSI) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.07). Computer Programs & Systems had a return on equity of 15.09% and a net margin of 6.14%. The business had revenue of $69.14 million for the quarter, compared to analyst estimates of $70.81 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts expect that Computer Programs & Systems will post 1.49 EPS for the current year.

In related news, CFO Matt J. Chambless sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $28.66, for a total transaction of $286,600.00. Following the completion of the transaction, the chief financial officer now owns 43,185 shares in the company, valued at $1,237,682.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John B. Douglas, Jr. sold 2,605 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $28.28, for a total transaction of $73,669.40. Following the transaction, the insider now owns 237,963 shares of the company’s stock, valued at approximately $6,729,593.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,605 shares of company stock valued at $1,069,138. Corporate insiders own 12.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its holdings in shares of Computer Programs & Systems by 88.8% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 25,300 shares of the company’s stock valued at $635,000 after buying an additional 11,900 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Computer Programs & Systems by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 97,201 shares of the company’s stock valued at $2,440,000 after buying an additional 527 shares during the period. IndexIQ Advisors LLC acquired a new position in shares of Computer Programs & Systems in the first quarter valued at approximately $1,586,000. Acadian Asset Management LLC boosted its holdings in shares of Computer Programs & Systems by 1,716.9% in the first quarter. Acadian Asset Management LLC now owns 110,759 shares of the company’s stock valued at $3,288,000 after buying an additional 104,663 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in shares of Computer Programs & Systems by 73.4% in the first quarter. Martingale Asset Management L P now owns 116,528 shares of the company’s stock valued at $3,461,000 after buying an additional 49,312 shares during the period. Hedge funds and other institutional investors own 79.27% of the company’s stock.

About Computer Programs & Systems

Computer Programs and Systems, Inc provides healthcare information technology solutions and services in the United States and the Caribbean nation of St. Maarten. Its software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as to collect and maintain patient information throughout the process of patient care; and financial accounting software, which offers business office applications to track and coordinate information needed for managerial decision-making.

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Analyst Recommendations for Computer Programs & Systems (NASDAQ:CPSI)

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